Analysts Bullish on Compass (COMP) After Anywhere Merger

Compass, Inc. (NYSE:COMP) is one of the 12 Best Stocks Under $10 to Invest In Right Now. On February 9, UBS raised its price target on Compass, Inc. (NYSE:COMP) from $12 to $17 and maintained its Buy rating on the stock.

UBS analyst Stephen Ju pointed out that investors have now shifted their focus “squarely to integration execution and cost synergy realization” after the completion of the combination of Compass, Inc. (NYSE:COMP) with Anywhere Real Estate Inc. The research firm noted that there are “early indications pointing to improving momentum into year-end,” which is a positive signal for the combined company’s performance.

Earlier, on January 26, JPMorgan initiated coverage of Compass, Inc. (NYSE:COMP), giving the stock an Overweight rating and setting the price target at $15.

JPMorgan pointed to the company’s “transformational” acquisitions, “unified” technology platform, and improving margins, which position Compass, Inc. (NYSE:COMP) as the leading consolidator in the US residential real estate sector. According to the research firm, the merger with Anywhere Real Estate Inc. is expected to unlock $300 million in targeted synergies, create recurring high-margin revenue, and provide a clear path toward deleveraging.

Compass, Inc. (NYSE:COMP) is a leading American real estate services and technology company that is known for its agent-centric platform that simplifies the process of selling or buying a home.

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